Nand Kishor Contributor

Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc... ...

Full Bio 
Follow on

Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc...

3 Best Programming Languages For Internet of Things Development In 2018
340 days ago

Data science is the big draw in business schools
513 days ago

7 Effective Methods for Fitting a Liner
523 days ago

3 Thoughts on Why Deep Learning Works So Well
523 days ago

3 million at risk from the rise of robots
523 days ago

Top 10 Hot Artificial Intelligence (AI) Technologies
310272 views

Here's why so many data scientists are leaving their jobs
80721 views

2018 Data Science Interview Questions for Top Tech Companies
76497 views

Want to be a millionaire before you turn 25? Study artificial intelligence or machine learning
75963 views

Google announces scholarship program to train 1.3 lakh Indian developers in emerging technologies
61323 views

Artificial intelligence experiencing record deals in healthcare

By Nand Kishor |Email | Aug 25, 2017 | 6999 Views

Dive Brief:
  • Last quarter saw a record number of investment deals (29) in the healthcare artificial intelligence space, CB Insights reported.
  • The number of deals beat the previous record by three, and 2017 is set "to reach a six-year high." 
  • Last year, 88 artificial intelligence investment deals were made in the healthcare space, a 31% year-over-year increase, CB Insights noted.

Dive Insight:

CB Insights is putting the numbers behind what industry insiders have already been noticing: Artificial intelligence is hot in healthcare right now.

From a provider standpoint, many are just beginning to explore the possibilities and see how such capabilities can fit into the care delivery setting. Many providers are looking into patient readmissions as one area for a use case.

However, due to the infancy of the current clinical use cases, artificial intelligence receives a fair amount of skepticism in the healthcare space. For one, "artificial intelligence" has become a catch-all shorthand for some disparate topics such as predictive analytics and machine learning. CB defined artificial intelligence in the space as "startups leveraging machine learning algorithms to reduce drug discovery times, provide virtual assistance to patients or improve the accuracy of medical imaging and diagnostic procedures, among other applications."

Another issue that adds to the skepticism is the potential costs of new technology. Providers have felt burned before because of high-cost EHR systems that helped contribute to administrative burden across physician offices and health systems nationwide.

Still, companies are making a play for the space, as it's a market that's expected to grow.

"[Hospitals] are very excited about [artificial intelligence] and are actually very bold about it, which is surprising because hospital systems don't tend to be usually bold. But they're making investments," James Golden, managing director of PwC Health Advisory, told Healthcare Dive at HIMSS17 in February. "This stuff is coming. It's coming fast. It's being viewed as a research project. In the next few years, it is not going to be a research project."

Source: Healthcare Dive